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Elon Musk's X (formerly Twitter) faced a global outage on March 30, disrupting access for millions. Users reported issues primarily with the app (51%) and website (29%), with Musk attributing the incident to a significant cyberattack involving substantial resources. Cybersecurity experts expressed skepticism about the scale of the attack, noting that similar disruptions can occur from smaller entities.
Port City Brewing anticipates producing 13,000 barrels this year, facing challenges from import tariffs that threaten ingredient costs and supply chains. The craft beer industry is struggling with lower sales and competition from hard seltzers, while brewers like Fat Head’s Brewery are stockpiling cans to mitigate rising aluminum prices. As the market matures, brewery closures are outpacing openings for the first time in years, highlighting the ongoing difficulties in the sector.
President Trump is set to announce a series of tariffs, dubbed "Liberation Day," aimed at reducing foreign imports and boosting American manufacturing. While he believes these measures will revitalize the U.S. economy, economists warn they could lead to higher consumer prices and sluggish growth, with potential retaliatory actions from other nations. Global leaders express concern that such tariffs could disrupt trade and harm job markets, emphasizing the risks of escalating trade tensions.
Royal Bank of Canada (NYSE: RY) offers a range of financial services, including personal and commercial banking products. Recently, JPMorgan Chase & Co. reduced its stake in the bank, which currently has a Moderate Buy rating among analysts, though several top analysts recommend alternative stocks. The bank's shares opened at $112.04, with a market cap of $158.17 billion and a dividend yield of 3.66%.
BRP Inc. holds a "Hold" rating with a consensus price target of $87.40. The company, which designs and manufactures powersports vehicles, reported a quarterly EPS of $0.69, exceeding estimates, but revenue fell short at $1.44 billion. Recently, BRP increased its quarterly dividend to $0.1508 per share, reflecting a 1.77% yield.
HIVE Digital Technologies Ltd., a cryptocurrency mining company operating in Canada, Sweden, and Iceland, is projected to report a -0.32 EPS for the current year. Despite a Buy rating from analysts, top-rated experts suggest five other stocks are better investment options. Recently, Charles Schwab Investment Management increased its holdings in HIVE by 126.4%, now owning about 0.50% of the company. HIVE's shares opened at $1.50, with a market cap of $237.14 million, and analysts have set an average price target of $7.64.
Over 200 "Tesla Takedown" protests occurred across the US, Canada, and Europe, targeting Elon Musk's policies as head of the Department of Government Efficiency. Activists called for selling Tesla vehicles and stocks to denounce Musk's influence, while the FBI launched a task force to address rising anti-Tesla violence, including arson and vandalism. Musk acknowledged the impact of these protests on Tesla's sales, stating that his government role has negatively affected his companies.
Gold is highlighted as a premier investment for protecting wealth against inflation and economic instability, making it essential for long-term financial planning. Meanwhile, BRP (TSE:DOO) faces a series of price target reductions from multiple analysts, with Citigroup lowering its target from C$41.00 to C$39.00, indicating a potential downside of 18.26%. The stock has seen a significant drop, trading down 6.1% to C$47.71, amidst a challenging market environment.
President Trump has announced a 25% tariff on imported cars and auto parts, effective April 3 and May 3, respectively. Analysts warn that this could significantly impact traditional automakers like Ford and GM, potentially costing them $4,000–$5,000 per vehicle and leading to reduced production and higher prices for consumers. The long-term effects remain uncertain, particularly regarding the inclusion of parts in the tariff and the potential for regulatory relief from the administration.
Toronto Dominion Bank increased its stake in Westlake Corporation, owning 5,190 shares valued at $595,000 after acquiring 335 additional shares. UBS Asset Management raised its holdings by 9% to 346,789 shares worth $39.76 million. Analysts have mixed ratings on Westlake, with a current average rating of "Moderate Buy" and a price target of $138.21, despite recent earnings missing expectations.
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Elon Musk's X faces global outage amid claims of cyberattack involvement
16:39 30.03.2025
craft brewers face challenges from tariffs and changing consumer preferences
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15:00 30.03.2025
tariffs spark global concerns as economic impact looms for families
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13:47 30.03.2025
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11:10 30.03.2025
brp inc receives hold rating with price target of 87.40 dollars
09:17 30.03.2025
hive digital technologies faces challenges with expected negative earnings per share
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escalating protests and violence target tesla amid backlash against elon musk
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20:14 29.03.2025
analysts downgrade brp stock as market uncertainty looms
19:11 29.03.2025
auto tariffs may disrupt industry and impact consumer prices
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19:00 29.03.2025
westlake corporation sees mixed analyst ratings and institutional investment activity
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18:33 29.03.2025
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